Business
Sampath Bank maintains its growth momentum in 2025, recording a 21% increase in profit after tax for the nine-month period
Sampath Bank reported a Profit Before Tax (PBT) of Rs 35.3 Bn and a Profit After Tax (PAT) of Rs 21.5 Bn for the nine-month period ended 30th September 2025, reflecting consistent year-on-year growth of 18% and 21% respectively. Furthermore, the Group delivered a strong financial performance, recording a PBT of Rs 38.0 Bn and a PAT of Rs 23.1 Bn for the same period, marking growth of 19% and 21% respectively.
The Bank’s total interest income declined by 3% year-on-year for the nine-month period ended 30th September 2025, reaching Rs 134.0 Bn. This decrease was primarily driven by the continued reduction in the Average Weighted Prime Lending Rate (AWPLR) and lower yields from government securities. Interest expenses saw a corresponding decrease of 2% year-on-year to Rs 76.8 Bn, reflecting the overall downward trend in market interest rates. Consequently, the Bank’s Net Interest Income (NII) contracted by 6% year-on-year to Rs 57.2 Bn. The Net Interest Margin (NIM) narrowed by 81 basis points, from 4.90% as at 31st December 2024, to 4.09% as at 30th September 2025.
The Bank reported a robust 107% year-on-year increase in total non-fund based income, reaching Rs 23.9 Bn for the nine-month period ended 30th September 2025.
Net fee and commission income, amounting to Rs 15.6 Bn, saw a robust 20% year-on-year growth, driven by strong performances in key business areas, including advances, cards, trade, operations, and electronic banking services.
The Bank also recorded a total exchange gain of Rs 3.5 Bn during the period, marking a notable turnaround from the exchange loss of Rs 3.5 Bn reported in the same period last year.
For the nine-month period ended 30th September 2025, the Bank recorded a total impairment charge of Rs 2.0 Bn, representing a significant decrease of 62% compared to the corresponding period in 2024.
Notwithstanding a significant 18.9% expansion in the Bank’s loan portfolio during the period under review, impairment charges on loans and advances declined by 27% year-on-year. This reduction was largely attributable to improved credit quality and stronger repayment capacity across the customer base, supported by favorable macroeconomic conditions and an optimistic business outlook.
The Bank conducted a comprehensive assessment of its ISL customer portfolio, recognising tailored provisions in its Financial Statements to reflect the specific credit risk profiles of ISL customers. In line with its prudent risk management policy, the Bank continued to maintain sound collective impairment provisions, ensuring adequate buffers against potential future credit losses. Notably, the core models used for collective provisioning remained consistent with those applied in 2024.
The reversal of Rs 0.8 Bn (2024: charge of Rs 1.1 Bn) relating to credit-related commitments and contingencies reflects the overall improvement in the credit quality of the Bank’s customer base.
Impairment charge on other financial instruments
An impairment charge of Rs 0.6 Bn was recognised on other financial instruments during the reporting period, primarily attributable to newly acquired investments.
Operating Expenses
During the reporting period, the Bank’s operating expenses increased by 19% compared to the same period in 2024, primarily driven by higher personnel costs as a result of annual salary revisions as well as key strategic initiatives embarked upon by the Bank requiring an expansion of the Bank’s staff cadre and IT related costs. As expense growth continued to outpace the increase in operating income, the Bank’s cost-to-income ratio (CIR) deteriorated by 240 basis points, reaching 41.3%, compared to 38.9% in the corresponding period of the previous year.
Sampath Bank continued to demonstrate strong financial resilience during the period under review, maintaining capital adequacy well above the minimum regulatory requirements.
Liquidity levels remained robust, with the All-Currency Liquidity Coverage Ratio (LCR) at 249.0% and the Net Stable Funding Ratio (NSFR) at 181.2%, compared to 307.4% and 198.7%, respectively, as at year-end 2024.
Sampath Bank’s total assets grew by 10% during the reporting period, reflecting an annualized growth rate of 13%. Total assets reached Rs 1.95 Tn as at 30th September 2025, up from Rs 1.78 Tn reported at the previous year-end. This growth was primarily driven by the expansion of the Bank’s loan portfolio.
During the period, the Bank’s investment portfolio recorded a marginal decline, primarily reflecting the strategic reallocation of funds towards lending growth following the maturity of short-term investment securities.
Business
Ceylon Chamber’s Investment Summit 2026 to steer Sri Lanka beyond stabilisation
Sri Lanka’s national economic discourse takes center stage today as the country’s premier private-sector body, The Ceylon Chamber of Commerce, hosts the Sri Lanka Economic & Investment Summit 2026 at the Shangri-La Colombo.
Convening on October 12 and 13, the two-day summit brings together an influential gathering of senior policymakers, international financiers, multilateral development partners, and private-sector captains to chart the island’s next phase of macroeconomic growth.
Held under the theme “Positioning Sri Lanka in a Changing Global Economy: Resilience, Reform, and the Future of Economic Policy,” this year’s forum marks a critical inflection point in the nation’s post-crisis trajectory.
As Sri Lanka shifts its emphasis from immediate financial stabilization toward sustainable, long-term expansion, the summit aims to address the structural imperatives necessary to secure high-impact foreign direct investment (FDI), deepen regional trade integration, and unlock emerging sectors of economic activity.
The core agenda over the two days focuses on building resilience across volatile global market cycles while executing targeted policy reforms. Key working sessions will examine:
Regional Value Chains & Trade Integration: Leveraging Sri Lanka’s strategic Indian Ocean geography to capture higher-value export flows and commercial linkages.
Energy & Infrastructure Transformation: Accelerating renewable energy integration and modernizing national utility policy.
Digital Economy & Public Modernization: Deploying digital technologies across public administration and financial services to enhance operational efficiency and transparency.
Sectoral Priorities: Modernizing healthcare infrastructure and agricultural value-addition to build a robust domestic economic base.
A defining feature of this year’s summit is the strong convergence between state policy and global commercial expertise. Keynote addresses and panel discussions will feature prominent leaders, including Prime Minister Dr. Harini Amarasuriya and T. Krishnakumar, Chief Executive Officer of Reliance Consumer Products Ltd.
They will be joined by senior delegations and policy experts from major global institutions, including:
= The Asian Development Bank (ADB)
= The International Finance Corporation (IFC)
= Standard Chartered Bank
= Zydus Lifesciences
The active participation of the country’s highest executive and legislative leadership across both days underscores a clear policy commitment to private-sector-led growth. By establishing a direct, high-level platform for dialogue between investors and policymakers, the Ceylon Chamber’s summit seeks to refine regulatory frameworks, improve the ease of doing business, and establish a clear, predictable environment for capital formation in the years ahead.
Business
White House blocks Microsoft from foreign worker hiring programme
Microsoft and several other technology firms have been barred by the White House from hiring skilled international workers on a permanent basis through a widely used visa programme.
US Vice-President JD Vance on Thursday accused Microsoft alongside other firms of committing fraud through the use of the H-1B visa programme and a related process for workers from abroad to become permanent US residents.
Vance claimed that Microsoft, one of the most valuable companies in the US, has been effectively replacing American workers with “foreign indentured servants.”
Microsoft said most of the H-1B visas filed over the last financial year were for existing workers, who are paid the same as local staff.
“No company in the US has abused this system more than Microsoft,” Vance said.
He also made similar accusations about Adobe, Cognizant, Infosys, Tata, Wipro, HCL and Capgemini.
The US government will not process any new or pending Permanent Labor Certification Program (PERM) applications from Microsoft or the seven other companies, Secretary of Labor Keith Sonderling said during the same conference.
Sonderling said companies like Microsoft, as well as US universities, have turned into “visa mills” that were “flooding” the US with foreign workers.
The BBC has contacted all of the companies for comment.
The total number of H-1B visas, a precursor to anyone seeking to go through the PERM process, is capped at 85,000 per year.
A spokeswoman for Microsoft noted to the BBC that “the vast majority of Microsoft employees in the United States are Americans.” The company employs more than 200,000 people worldwide.
Business
ComBank unites stakeholders to prepare agri sector for El Niño
In response to emerging climate risks, the Commercial Bank of Ceylon has launched a proactive initiative through its Development Credit Department, to equip Sri Lanka’s agricultural sector against the potential impacts of the 2026 El Niño climate pattern.
Seeking to move the industry from reactive loss management to early climate preparedness, the Bank partnered with leading state universities to execute a two-part educational and technological intervention in September 2026.
The initiative comes at a critical juncture. Sri Lanka’s Department of Meteorology reported an 80% probability of El Niño conditions emerging between June and August 2026, with effects expected to persist through November and beyond. As highlighted by the Food and Agriculture Organization (FAO), El Niño acts as a risk multiplier for rural livelihoods, food production, and water supply.
To mitigate these threats, the Bank’s initiative creates a collaborative network uniting academic institutions, agricultural extension services, technology providers, farming communities, and the financial sector. The awareness programme on El-Niño and its impact on agriculture was supported by 12 Commercial Bank branches, and engaged with more than 1,100 farmers at 15 diverse locations, including Vattapalai, Muththajankaddu, Palampas, Oddusuddan, Siyambalanduwa, Lindula, Neluwa, Kalawana, Pannala, Madampe, Mannar, Vavuniya and Kumalamunai.
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